Wednesday, August 10, 2022

Philweb unveils new logo, expects Q4 restart


E-games provider PhilWeb Corporation unveiled a new logo on Wednesday, reflecting the company’s license renewal under the leadership of chairman Gregorio “Greggy” Araneta III.

“The new logo presents a bold clarity to PhilWeb’s identity – a provider of superior and

innovative products with the highest standards of customer service,” said the company in a filing to the Philippines Stock Exchange.

The company was forced to shut down last year after its license expired on August 10, 2016, but was given the go-ahead to operate again from the Philippine Amusement and Gaming Corp. (Pagcor) last month.

Following the company’s annual stockholders’ meeting on Wednesday, Araneta said PhilWeb’s operators are keenly awaiting the resumption of Philweb’s operations.

“I remain confident that perhaps we can do so by the fourth quarter of the year,” said PhilWeb president Dennis Valdes, quoted by Philippine Star.

We’re starting 2017 with great hopes…We have made new investments, bought new servers with investment of over P100 million for these servers. We’ve acquired six new sites using two million shares of our 350 million treasury shares,” he said.

Pagcor earlier granted PhilWeb a provision certificate of accreditation as an electronic gaming system (EGS) service provider. This allows the firm start offering its software and other services to operators of Pagcor-licensed gaming sites for electronic games.

PhilWeb is now just waiting for a notice to operate from the regulator. 

 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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